Hims Net Invested Capital vs Net Tangible Assets Analysis

HIMS Stock

USD 31.35 6.02 23.77%

Hims Hers financial indicator trend analysis is much more than just examining Hims Hers Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hims Hers Health is a good investment. Please check the relationship between Hims Hers Net Invested Capital and its Net Tangible Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Invested Capital vs Net Tangible Assets

Net Invested Capital vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hims Hers Health Net Invested Capital account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Hims Hers' Net Invested Capital and Net Tangible Assets is 0.97. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Hims Hers Health, assuming nothing else is changed. The correlation between historical values of Hims Hers' Net Invested Capital and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Hims Hers Health are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Net Invested Capital i.e., Hims Hers' Net Invested Capital and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.97

Relationship Direction	Positive
Relationship Strength	Very Strong

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most indicators from Hims Hers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hims Hers Health current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Hims Hers' Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 1.9 B in 2024, whereas Selling General Administrative is likely to drop slightly above 117.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	204.5M	408.7M	714.9M	750.7M
Total Revenue	271.9M	526.9M	872M	915.6M

Gross Profit Total Revenue

Hims Hers fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total
Other Current Liab		0.9	0.76	-0.72	0.54	0.78	0.75	0.67	0.56	0.72	0.88	0.85	0.72	0.8	-0.49	0.53	0.66	-0.82	0.87	0.81	0.09	0.9	-0.79	0.79	0.87	-0.77
Total Current Liabilities	0.9		0.91	-0.81	0.84	0.52	0.87	0.87	0.73	0.89	0.92	0.94	0.83	0.9	-0.4	0.69	0.77	-0.9	0.98	0.94	0.26	0.93	-0.9	0.92	0.87	-0.9
Net Tangible Assets	0.76	0.91		-0.89	0.84	0.41	0.92	0.9	0.73	1.0	0.9	0.95	0.77	0.98	-0.42	0.73	0.79	-0.91	0.89	0.95	0.32	0.92	-0.98	0.95	0.9	-0.99
Retained Earnings	-0.72	-0.81	-0.89		-0.79	-0.29	-0.96	-0.91	-0.88	-0.9	-0.93	-0.93	-0.9	-0.96	0.68	-0.8	-0.84	0.91	-0.87	-0.93	0.0	-0.91	0.95	-0.94	-0.89	0.9
Accounts Payable	0.54	0.84	0.84	-0.79		0.05	0.82	0.94	0.85	0.86	0.79	0.85	0.81	0.83	-0.32	0.72	0.72	-0.78	0.86	0.88	0.27	0.77	-0.83	0.88	0.69	-0.84
Other Assets	0.78	0.52	0.41	-0.29	0.05		0.24	0.25	0.11	0.34	0.55	0.5	0.25	0.42	-0.3	-0.09	0.09	-0.33	0.41	0.45	0.02	0.59	-0.43	0.44	0.65	-0.41
Net Receivables	0.75	0.87	0.92	-0.96	0.82	0.24		0.87	0.81	0.93	0.88	0.91	0.88	0.95	-0.57	0.91	0.95	-0.98	0.92	0.91	0.13	0.89	-0.94	0.9	0.84	-0.92
Inventory	0.67	0.87	0.9	-0.91	0.94	0.25	0.87		0.9	0.91	0.92	0.95	0.86	0.93	-0.47	0.67	0.7	-0.82	0.88	0.97	0.19	0.89	-0.94	0.97	0.85	-0.92
Other Current Assets	0.56	0.73	0.73	-0.88	0.85	0.11	0.81	0.9		0.75	0.86	0.85	0.96	0.8	-0.74	0.7	0.72	-0.79	0.83	0.85	-0.24	0.82	-0.8	0.86	0.78	-0.72
Other Stockholder Equity	0.72	0.89	1.0	-0.9	0.86	0.34	0.93	0.91	0.75		0.88	0.93	0.77	0.98	-0.41	0.75	0.8	-0.9	0.88	0.95	0.33	0.9	-0.98	0.95	0.88	-0.99
Total Current Assets	0.88	0.92	0.9	-0.93	0.79	0.55	0.88	0.92	0.86	0.88		0.99	0.91	0.95	-0.66	0.64	0.73	-0.89	0.94	0.97	0.0	0.99	-0.95	0.97	0.97	-0.9
Total Assets	0.85	0.94	0.95	-0.93	0.85	0.5	0.91	0.95	0.85	0.93	0.99		0.89	0.97	-0.59	0.68	0.76	-0.91	0.95	0.99	0.1	0.99	-0.98	0.99	0.97	-0.95
Short Long Term Debt Total	0.72	0.83	0.77	-0.9	0.81	0.25	0.88	0.86	0.96	0.77	0.91	0.89		0.84	-0.77	0.79	0.84	-0.9	0.92	0.87	-0.23	0.89	-0.83	0.87	0.83	-0.75
Total Stockholder Equity	0.8	0.9	0.98	-0.96	0.83	0.42	0.95	0.93	0.8	0.98	0.95	0.97	0.84		-0.54	0.75	0.81	-0.93	0.91	0.97	0.2	0.96	-1.0	0.98	0.94	-0.98
Other Liab	-0.49	-0.4	-0.42	0.68	-0.32	-0.3	-0.57	-0.47	-0.74	-0.41	-0.66	-0.59	-0.77	-0.54		-0.48	-0.54	0.59	-0.54	-0.52	0.71	-0.64	0.53	-0.54	-0.67	0.38
Property Plant And Equipment Net	0.53	0.69	0.73	-0.8	0.72	-0.09	0.91	0.67	0.7	0.75	0.64	0.68	0.79	0.75	-0.48		0.98	-0.9	0.79	0.68	0.08	0.66	-0.72	0.66	0.56	-0.7
Current Deferred Revenue	0.66	0.77	0.79	-0.84	0.72	0.09	0.95	0.7	0.72	0.8	0.73	0.76	0.84	0.81	-0.54	0.98		-0.96	0.86	0.75	0.07	0.76	-0.79	0.73	0.67	-0.76
Net Debt	-0.82	-0.9	-0.91	0.91	-0.78	-0.33	-0.98	-0.82	-0.79	-0.9	-0.89	-0.91	-0.9	-0.93	0.59	-0.9	-0.96		-0.95	-0.89	-0.09	-0.91	0.91	-0.88	-0.85	0.88
Cash	0.87	0.98	0.89	-0.87	0.86	0.41	0.92	0.88	0.83	0.88	0.94	0.95	0.92	0.91	-0.54	0.79	0.86	-0.95		0.94	0.11	0.94	-0.9	0.92	0.87	-0.87
Non Current Assets Total	0.81	0.94	0.95	-0.93	0.88	0.45	0.91	0.97	0.85	0.95	0.97	0.99	0.87	0.97	-0.52	0.68	0.75	-0.89	0.94		0.17	0.97	-0.98	1.0	0.94	-0.96
Non Currrent Assets Other	0.09	0.26	0.32	0.0	0.27	0.02	0.13	0.19	-0.24	0.33	0.0	0.1	-0.23	0.2	0.71	0.08	0.07	-0.09	0.11	0.17		0.03	-0.21	0.15	0.0	-0.37
Cash And Short Term Investments	0.9	0.93	0.92	-0.91	0.77	0.59	0.89	0.89	0.82	0.9	0.99	0.99	0.89	0.96	-0.64	0.66	0.76	-0.91	0.94	0.97	0.03		-0.96	0.97	0.99	-0.92
Common Stock Total Equity	-0.79	-0.9	-0.98	0.95	-0.83	-0.43	-0.94	-0.94	-0.8	-0.98	-0.95	-0.98	-0.83	-1.0	0.53	-0.72	-0.79	0.91	-0.9	-0.98	-0.21	-0.96		-0.98	-0.94	0.99
Common Stock Shares Outstanding	0.79	0.92	0.95	-0.94	0.88	0.44	0.9	0.97	0.86	0.95	0.97	0.99	0.87	0.98	-0.54	0.66	0.73	-0.88	0.92	1.0	0.15	0.97	-0.98		0.95	-0.96
Short Term Investments	0.87	0.87	0.9	-0.89	0.69	0.65	0.84	0.85	0.78	0.88	0.97	0.97	0.83	0.94	-0.67	0.56	0.67	-0.85	0.87	0.94	0.0	0.99	-0.94	0.95		-0.9
Non Current Liabilities Total	-0.77	-0.9	-0.99	0.9	-0.84	-0.41	-0.92	-0.92	-0.72	-0.99	-0.9	-0.95	-0.75	-0.98	0.38	-0.7	-0.76	0.88	-0.87	-0.96	-0.37	-0.92	0.99	-0.96	-0.9

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Hims Hers Account Relationship Matchups

Hims Hers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	11.1M	5.2M	52.7M	8.2M	33.1M	20.4M
Total Current Liabilities	20.6M	15.2M	79.2M	47.9M	88.5M	50.5M
Net Tangible Assets	(141.1M)	(149.8M)	197.8M	170.8M	196.4M	206.3M
Retained Earnings	(153.2M)	(171.3M)	(279.0M)	(344.6M)	(368.2M)	(386.6M)
Accounts Payable	7.2M	8.1M	19.6M	32.4M	43.1M	22.7M
Other Assets	963K	1.0M	8.8M	888K	1.0	0.95
Net Receivables	859K	750K	3.6M	3.2M	5.7M	6.0M
Inventory	4.2M	3.5M	13.6M	21.6M	22.5M	12.7M
Other Current Assets	480K	8.6M	5.5M	12.2M	15.9M	8.0M
Other Stockholder Equity	(173.4M)	(225.5M)	613.7M	656.6M	712.3M	747.9M
Total Current Assets	69.6M	113.1M	269.9M	216.6M	265.1M	180.0M

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